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These days, finding an affordable place to live in the Nebo area can be challenging. Home prices in Nebo are now at a median cost of $140,388, lower than the Kentucky average of $219,615.
The average cost of rent is $1,047/mo in Nebo, primarily driven by the current value of real estate in the Nebo area. In Nebo, 23.16% of households rent, and 63.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nebo is $5,068 per month. Households that rent pay about 20.65% of their income on rent here. Nebo’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Manitou, KY: higher priced homes
- Rabbit Ridge, KY: less expensive homes
- Providence, KY: less expensive homes
- Lisman, KY: less expensive homes
- Vanderburg, KY: higher priced homes
- Richland, KY: higher priced homes
- Madisonville, KY: higher priced homes
- Kirkwood Springs, KY: less expensive homes
- Hanson, KY: higher priced homes
- Charleston, KY: less expensive homes
Cities with Similar Populations
- Alloway, NJ: higher priced homes
- Amelia, LA: less expensive homes
- Angelica, NY: less expensive homes
- Arlington, SD: higher priced homes
- Arthur City, TX: higher priced homes
- Bel Alton, MD: higher priced homes
- Bentley, KS: higher priced homes
- Bertrand, MO: less expensive homes
- Bogue, NC: higher priced homes
- Blue River, CO: higher priced homes
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